Global DMS Blog

In today’s fast-paced market environment, it’s vital that you take the necessary steps to ensure that your valuation management process is both efficient and effective. Ignoring this important component of the loan origination process will only lead to delays—and potentially more costs—that could be avoided.

Does your commercial appraisal software truly provide the functionality you need? More importantly, does it fit your unique business model and allow you to close your commercial loans as efficiently as possible?

Appraising commercial real estate can be a time-consuming venture, lasting days or even weeks. After all that patience, and hard work by the appraiser, the last thing lenders want is pesky delays caused by inadequate management software that’s convoluted and times-out during important uploads.

Housing prices and home equity have steadily climbed since 2012, creating an increased demand in HELOCs from homeowners looking to cash in. With this demand expected to grow over the coming years, lenders have been presented with a unique opportunity to take advantage of these loan-types – especially as refinances continue to dwindle.

Text messaging is an efficient form of communication that most individuals utilize every day to instantly communicate important information. Even with this fact, many valuation management platforms have failed to adopt this common utility into their software and workflows.

Technology integrations help ensure process efficiency by providing users with seamless access to valuable data. At Global DMS®, we understand the importance of these integrations and strive to provide the data you need when you need it for all your valuations.

The Appraisal Institute recently announced that it has launched a new 7-hour classroom seminar regarding leasehold valuation issues known as, “How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value.”

The Appraisal Standards Board (ASB) of The Appraisal Foundation recently announced that it has issued a 4th Exposure Draft for the 2020-2021 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), which is open for public comments through April 1st.

Does your current commercial appraisal platform truly provide the functionality you need? More importantly, does it fit your unique business model and allow you to close your commercial loans as efficiently as possible?

Efficient turn-times are an essential component of the mortgage lending process, especially in today’s fast-paced market environment. Timely real estate appraisals play a vital role, yet many appointments are scheduled at the vendor’s discretion – which can lead to unforeseen delays.